Freehold does not have any employees. Under a Management Agreement, Freehold's assets are managed by the employees of Rife Resources Ltd. (Rife). Rife is a private oil and gas company that has been in operation for over thirty years.
Governance and ethics
The Governance, Nominating and Compensation ("GNC") Committee establishes the company's governance principles and practices and reviews corporate policies, including our Code of Conduct and Conflict of Interest Policy. Rife employees and consultants are required to adhere to Freehold's Code of Conduct and are expected to conduct business with integrity and high ethical standards. The GNC Committee monitors the performance of the Manager on an ongoing basis.
Environment, health and safety
Most of Freehold's assets are royalties operated by third parties. As a royalty owner, environmental liability, health and safety and other risks arising out of these operations are not typically direct risks for Freehold. Our business model is dependent on our industry partners operating in a responsible manner. There are thirty companies that account for approximately 80% of Freehold's oil and gas royalty revenue stream. The majority of these companies are members of the Canadian Association of Petroleum Producers (CAPP) or the Explorers and Producers Association of Canada (EPAC).
Freehold has a profitable niche of owning oil and gas royalties, including certain mineral titles that are held in perpetuity. The foundation of Freehold's successful business model is a commitment to long-term sustainability. As our assets are mainly royalty assets, we have low capital requirements. When pursuing acquisitions, we focus on properties that can offer an attractive rate of return on our investment.
Support for communities
Freehold supports not-for-profit organizations addressing education, health and community services focused on the needs of children and families.